Toronto
A median age of 50, a full 10 years above the national figure, defines Toronto more than any single number, and it shapes everything downstream. Household income sits in just the 23.2nd percentile nationally, yet the median house price has reached $780,000, a gap that pushes the mortgage-to-income ratio to 31.9% and trips the mortgage stress threshold. The suburb scores decile 4 across all four SEIFA indexes, a consistently mid-low position. Housing is overwhelmingly detached at 77.8%, apartments are rare at 7.5%, and 38.9% of residents own outright, more than the 24.9% still carrying a mortgage, a tenure mix typical of a settled, aging population of 5,973.
Population
5,973
Median Age
50.0
Household IncomeiMedian weekly household income (ABS Census)
$1,170/wk
DAs (12 months)iDevelopment Applications lodged in the past year
50
Median House
$780K
2024-2025 (PSI derived)
The $780,000 median house price climbed from $760,000 in 2024 to $785,500 in 2025, a modest 3.4% one-year move that reflects a steady rather than hot market. Buyers get genuine houses: 77.8% of stock is separate dwellings versus only 7.5% apartments, and three-bedroom homes dominate at 48.3% with 4-plus bedroom homes at 24.9%. Affordability is the catch. Average monthly mortgage repayments of $1,616 produce a mortgage-to-income ratio of 31.9%, above the 30% stress threshold, because household income sits in only the 23.2nd percentile nationally. Outright owners at 38.9% outnumber mortgage holders at 24.9%, so much of the stock is held by established, debt-free owners rather than recent buyers, which tends to limit turnover and listings.
For Buyers
The $780,000 median house price climbed from $760,000 in 2024 to $785,500 in 2025, a modest 3.4% one-year move that reflects a steady rather than hot market. Buyers get genuine houses: 77.8% of stock is separate dwellings versus only 7.5% apartments, and three-bedroom homes dominate at 48.3% with 4-plus bedroom homes at 24.9%. Affordability is the catch. Average monthly mortgage repayments of $1,616 produce a mortgage-to-income ratio of 31.9%, above the 30% stress threshold, because household income sits in only the 23.2nd percentile nationally. Outright owners at 38.9% outnumber mortgage holders at 24.9%, so much of the stock is held by established, debt-free owners rather than recent buyers, which tends to limit turnover and listings.
For Investors
A 36.2% renter share and weekly rent of $320 give landlords a workable tenant pool, and against the $780,000 median that rent implies a gross yield near 2.1%, low but stronger than premium inner-Sydney markets. The 6.2% vacancy rate points to reasonable but not tight demand. Rent has grown 36.0% over the measured period, a meaningful uplift that supports income returns. Development activity is moderate at 50 applications in 12 months, including multi-dwelling and secondary-dwelling proposals rather than large new estates, so supply pressure stays contained. Population growth runs at just 0.21% a year, with balanced migration adding 51 internal and 48 overseas residents annually, so the investment case leans on steady rent escalation more than rapid capital growth or volume.
Development Activity
Total DAs
278
Last 12 Months
50
YoY ChangeiYear-over-year change in DA lodgements
-15.3%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Toronto iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Toronto Adventist School
K-6 · 43 students
Toronto High School
7-12 · 952 students
Toronto Public School
K-6 · 201 students
Biraban Public School
K-6 · 163 students
Demographics
The median age of 50 is 10 years above national, and the trajectory is firmly aging: the senior share rose 5.9 points while the working-age share fell 2.4 points over the decade. Only 12.6% of residents were born overseas, which is 9.0 points below the national figure, and ancestry leans heavily Anglo, led by English at 2,595, Scottish at 650 and Irish at 627. University qualifications reach 23.0%, sitting 7.1 points below national, consistent with a workforce weighted toward services and trades rather than professional sectors. Average household size is 2.2, which is 0.3 below national, fitting the older profile where 33.1% of families are couples with no children. Christianity dominates religious affiliation at 2,888 residents, far ahead of Buddhism at 54.
Age Distribution
Bedrooms
Dwelling Structure
77.8%
Houses
14.4%
Townhouse
7.5%
Apartment
Tenure
Tenure tilts toward outright ownership: 38.9% own their home debt-free, 24.9% carry a mortgage and 36.2% rent. Outright owners outnumbering mortgage holders signals long-held, low-debt wealth rather than a churn of new buyers, which is typical of an aging base. The stock is 77.8% separate houses and only 7.5% apartments, with three-bedroom homes the largest band at 48.3% and 4-plus bedroom homes at 24.9%. The median house price rose from $760,000 to $785,500 across 2024 and 2025, a 3.4% gain. Mortgage-to-income at 31.9% exceeds the stress threshold while rent-to-income sits lower at 27.4%, a divergence that shows how steep purchase prices have become relative to incomes in the 23.2nd percentile nationally.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$1,616
Rent / wk
$320
HH Size
2.2
Personal Income / wk
$581
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
6.2%
Unoccupied
158
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
27.4%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
31.9% stressed
Community Profile
Ancestry
Household Composition
33.1%
Couples, no children
4,339
Total families
Economy & Employment
The local workforce concentrates in services rather than knowledge sectors: Healthcare leads sharply at 23.5% (316 workers), well above a typical suburb, followed by Construction at 10.4% (140), Education at 9.8% (132), Professional/Tech at 8.5% (114) and Retail at 7.9% (106). By occupation, Professionals (368) and Community/Personal service workers (286) top the list, with Labourers at 249. The unemployment rate is elevated at 8.7%, and participation is low at 40.7%, because the aging profile leaves 2,544 residents not in the labour force. Full-time employment runs at 59.3%. All four SEIFA indexes read decile 4, including the IER economic-resources score of 981, a mid-low position that aligns with the 23.2nd-percentile household income and the healthcare-heavy, services-led job base.
Unemployment
6.2%
Labour Force
6,585
Unemployed
408
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
59.3%
Part-time
32.0%
Participation
40.7%
Employed
1,896
Occupations
Top Industries
University
23.0%
Postgraduate
5.1%
Born Overseas
12.6%
Dwellings
2,405
Transport to Work
Toronto is heavily car-dependent: 85.9% of residents drive to work while only 1.4% use public transport and 5.5% walk or cycle, well above the national reliance on cars and a practical reality for a lakeside suburb spread across 9.33 km2 at 640 residents per km2. The suburb scores decile 4 on IRSAD and decile 4 on IRSD, a mid-low position where 13.0% of residents (728 people) need daily assistance, higher than typical and consistent with the median age of 50. Volunteering runs at 12.3%. No schools are recorded inside the boundary in this dataset, so families rely on institutions in neighbouring suburbs, a trade-off offset by the strong supply of detached three-bedroom homes that make up 48.3% of housing stock.
Drive
85.9%
Public Transport
1.4%
Walk / Cycle
5.5%
Work from Home
N/A
Population Forecast
+0.21%/yr
(+30 people/yr)
EstablishedToronto is an established, slow-growth market: annual population growth registers just 0.21%, adding about 30 residents a year, and the 10-year change is a modest 5.3%. Forecasts continue that trend continuation gently upward, with balanced migration drivers adding 51 net internal and 48 net overseas residents annually. The gentrification stage reads not gentrifying with a score of 6, far below a transforming suburb, and the only flagged signal is the small positive internal migration. The shift profile confirms aging, with the senior share up 5.9 points and the working-age share down 2.4 points over the decade. Real incomes grew 14.7% over the period and affordability held stable, moving only from 52.2% to 50.3%, so the outlook is steady demand rather than rapid expansion.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Balanced
Net Overseas / yr
+48
Net Internal / yr
+51
Gentrification Signal
Not gentrifying
Net internal migration +51/yr
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Toronto compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Toronto a good suburb to live in?
Toronto suits buyers wanting detached homes, with 77.8% separate houses and a $780,000 median that undercuts most of Sydney. It scores decile 4 across all four SEIFA indexes, a mid-low band, and the median age of 50 runs 10 years above national, making it well suited to settled and older households over young professionals.
What is the median house price in Toronto?
The median house price is $780,000. Prices rose 3.4% from $760,000 in 2024 to $785,500 in 2025. Weekly rent averages $320 and monthly mortgage repayments run about $1,616, giving a mortgage-to-income ratio of 31.9%, above the 30% stress threshold given local incomes.
What schools are in Toronto?
No schools are recorded inside the Toronto boundary in this dataset, so families rely on schools in neighbouring suburbs. University qualifications among residents reach 23.0%, which is 7.1 points below the national figure, reflecting a workforce weighted toward services and trades.
Is Toronto safe?
Detailed crime statistics are not available for Toronto in this dataset. As an indirect indicator, the suburb scores decile 4 on the IRSD index of relative disadvantage, a mid-low tier, and 13.0% of its 5,973 residents need daily assistance, higher than typical and consistent with the older median age of 50.
Is Toronto good for property investment?
Rent of $320 a week against a $780,000 median gives a gross yield near 2.1%, modest but above premium Sydney markets, and the 6.2% vacancy rate signals reasonable demand. Rent has grown 36.0% over the period, so returns lean on rent escalation more than rapid capital growth at 0.21% annual population growth.
How is Toronto's population changing?
Population growth is 0.21% annually, adding about 30 residents a year, with a 5.3% rise over 10 years. The profile is aging: the senior share rose 5.9 points while the working-age share fell 2.4 points over the decade, with balanced migration adding 51 net internal and 48 net overseas residents per year.
How much development is happening in Toronto?
There were 50 development applications lodged in the past 12 months, a moderate level for the suburb. Recent proposals include multi-dwelling housing, subdivisions and secondary dwellings rather than large new estates, consistent with an established, slow-growth area at 0.21% annual population growth.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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